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Quote:
I'll second Thomas Cook - All of my foreign paychecks come through there. They offer good rates on exchange as well.
I hope non of your checks are coming from Bhagdad or Tehran...


He's chaaarging!!!...(add scottish accent)...
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Actually, I checked them out today, and their rates were as bad as in Canada. Maybe I'm missing something here, but I changed my USD to CAD at the rate of $1 USD = $1.47 CAD. 4 days later, I try to convert back, and they're quoting me $1 USD = $1.68 CAD. If I do that, it ends up costing me over $20. My bank uses the $1.47 exchange rate, so even with the $17.50 charge, it ends up being cheaper this way.

The whole thing seems so crooked. Is the USD that in demand that you get screwed if you try to trade up for it always? It seems like if you travel, unless you spend all the money you convert, you can't win in the end.

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I'm surprised that you even converted your money going to Canada to begin with.
I went for a business trip for a week and we didn't bother to convert. Each time we went to a store or whatnot, we asked "do you take US" and they always said yes. they did the conversion for us and took our money.
and I'm sure you could just use a credit card if they said no.

(sorry I am not helping to contribute to answering your question).


Kim
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Quote: Originally posted by shotwell:
Yeah, I keep checking too. I'm afraid that just as the site goes down my car will burst into flames or something (knocking rapidly on wood)!
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Just hang on to it and wait till you go to Canada again. And next time, don't bring back any funy money.

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You could always restock your Monolopy game with it... :p


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Why not go to a Currency Exchange?


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When I went to canada about 2 years ago I came back and exchanged the money at my bank with no fuss, not sure what the story is in New Jawsey.

FWIW, if you charge stuff depending on your credit card company you might get the exact exchange rate laugh


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You have to keep in mind that there is the buy rate and there is the sell rate. That is how they make money. $1.68 is about normal right now for exchanging Canadian into US currency. That's how they make their money. You almost always lose money when you change currency. That's why you want to do it as little as possible. The best thing to do if you are traveling is to use your credit card. You get the best exchange rate for that day and you don't have to worry about changing money around. Lance and I have experience with this as his parents live in Canada right now. If you use your credit card you end up usually getting a good deal. Lance and I sent his mom an arrangement of a dozen roses for her birthday. It cost $74.05 Canadaian and we paid $48.68 US! What a deal! It pays to do it that way, because when you change from US currency to Canadian you don't get as much for your buck and if you have any left over you get less back for your buck. If you just put it on the credit card, you get more for your money!

=) Christy


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Quote:
Originally posted by Outback Gal:
You have to keep in mind that there is the buy rate and there is the sell rate. That is how they make money. $1.68 is about normal right now for exchanging Canadian into US currency. That's how they make their money. You almost always lose money when you change currency. That's why you want to do it as little as possible. The best thing to do if you are traveling is to use your credit card. You get the best exchange rate for that day and you don't have to worry about changing money around. Lance and I have experience with this as his parents live in Canada right now. If you use your credit card you end up usually getting a good deal. Lance and I sent his mom an arrangement of a dozen roses for her birthday. It cost $74.05 Canadaian and we paid $48.68 US! What a deal! It pays to do it that way, because when you change from US currency to Canadian you don't get as much for your buck and if you have any left over you get less back for your buck. If you just put it on the credit card, you get more for your money!

=) Christy
Whenever my dad and I traveled in Mexico, we always changed our money from dollars to pesos on the Mexican side. The buy/sell rates were a bit more favorable.


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When we go to Canada for vacation, we do our exchanges at the duty free shops at the border, best rates we found....of course this doesn't help now.....maybe find someone who lives in Canada to do and exchange for you via the USPS.. Good Luck!!


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